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Russian Crypto Mining Hotspot Cracks Down on Illegal Miners | Crypto Retro

Russian Crypto Mining Hotspot Cracks Down on Illegal Miners

Irkutsk Takes a Stand Against Power Pilferers
The Irkutsk Prosecution Service is taking legal action against a 35-year-old crypto miner for allegedly stealing electricity in Cheremkhovo.

Avoiding a Power Struggle
Following the closure of 17 illegal mining farms in Krasnoyarsk, Omsk, and Khakassia, Irkutsk hopes to prevent a power overload by clamping down on unauthorized miners.

No Room for Grey Areas
Similar crackdowns have been witnessed in Abkhazia, as authorities aim to distinguish between legitimate and "grey" miners.

Higher Energy Prices as a Solution?
Irkutsk Oblast is banking on the Russian energy ministry's plan to increase energy costs for miners, hoping it will deter newcomers and alleviate strain on their power grids.

Seizing Equipment, Seeking Justice
Prosecution officials have shared images of the confiscated mining gear, with the accused facing charges of causing property damage through deception or abuse of trust.

From Land Lease to Mining Farm
The miner allegedly rented land and set up shop with over 200 pieces of computer equipment, utilizing an integrated transformer substation for his operations.